TESLA CHINA SALES, PRICE TARGET INCREASE, CANADA FACTORY POSSIBILITIES

EV Channels Review

This episode of Tesla Daily provides a comprehensive overview of recent developments impacting Tesla and the EV market. Key highlights include strong August sales figures for Tesla in China, with an estimated 77,000 wholesale units, suggesting a potential production record despite brief parts supply issues. The podcast also delves into Tesla's lobbying efforts in Canada, aiming to improve manufacturing competitiveness and potentially hinting at a future Gigafactory, further supported by a new high-volume recruiter job posting in Quebec. Piper Sandler has increased its price target for TSLA to $360, citing decreasing vehicle wait times as evidence of Tesla's aggressive pursuit of market share through increased production and potential price reductions. The review also touches upon a California Senate bill targeting the marketing of autonomous features, though its direct impact on Tesla's 'Full Self-Driving' name remains uncertain. Finally, the episode notes the shift of Model Y and Model 3 to stalkless steering wheels and touch-based gear selectors, similar to the Model S/X, and covers the AXA insurance apology for its controversial EV crash test, Volkswagen's struggles with software development, and a voluntary recall by Cruise for its autonomous vehicles.